Power Sector

Reliance Power Q2 net profit at Rs 37 crore

Reliance Power Q2 net profit at Rs 37 crore

India's Nuclear Power Share May Reach 20 Percent By 2050

Nuclear power can meet 20 percent of energy needs of India by 2050. The country is trying to increase per capita availability of electricity to 1000 units by the year 2012. It is maintained by union Power Minister, Sushilkumar Shinde.

He was in Washington to address 'Green India Summit'. The summit was organised by the US-India Business Council and the Confederation of Indian Industry. It was also addressed by the US Secretary of Commerce, Carlos Gutierrez, Special Envoy to the Indian Prime Minister on Climate Change, Shyam Saran, former US Secretary of Defence and USIBC Board Member William S. Cohen.  

Bhima Cements to invest Rs 50 crore for the setup of 5 wind power stations

GVK Power divests its entire stake in aviation subsidiary

GVK Power divests its entire stake in aviation subsidiaryGVK Power & Infrastructure Ltd has informed that the company has divested its entire stake in its subsidiary, GVK Aviation Pvt. Ltd.

As a result, GVK Aviation (P) is no more a wholly owned subsidiary of the company from Sep. 30, 2008.

GVK Aviation Pvt. Ltd, founded in 2007, engages in the business of aviation, owning and chartering of private aircrafts and helicopters. 

In June 2007, the company acquired 100% equity stake in GVK Aviation, which became a wholly-owned subsidiary.

All Industrial And Commerce Bodies Greet Government Over N-deal

The US senate has, finally, approved the much hyped Indo-US nuclear deal. Many All Industrial And Commerce Bodies Greet Government Over N-dealindustrial associations and commerce bodies have greeted the government on its success. CII, Ficci and Assocham said that the deal would terminate nuclear isolation of the country and provide energy security to India.

PM Manmohan Singh Confident of Government's Performance

Speaking to the media on his way back to the Country, the PM was calm and PM Manmohan Singh Confident of Government's Performancecomposed. After successfully pulling off the Nuclear deal with France and positive response from the President of Pakistan on all issues, Mr. Singh said, “We have given this country a purposeful government, a government which by-and-large has the support of all constituents of our coalition”. 

The PM spoke on various issues ranging from the nuclear deal to land acquisition case in Singur to the terrorist blasts and attacks on Christians. 

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